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OakNorth lends £29m to joint venture between ALMCOR and Cerberus to support their acquisition of two UK sites
Following its launch in 2022, the joint venture has €500m of allocated capital to deploy in target markets across the UK and Europe; The loan from OakNorth will support the acquisition of two UK sites in Lancashire and Leicestershire; The acquisitions will be part of the joint venture’s European Industrial Outdoor Storage (EIOS) platform. OakNorth, the […]
Mayfair Group Investment to develop new state of the art, purpose-built medical centre in Leeds following £3m loan from OakNorth
Founded in 2012 by Rohin Dhand, Mayfair Group Investment is a leading developer, investor, and manager of healthcare, commercial, and residential properties; Headquartered in central Leeds, the group has completed multiple medical centre projects to date that are built with patients in mind; The loan from OakNorth will be used to develop the group’s new […]
ASK and OakNorth mark first anniversary of corporate partnership
LONDON, November 2023: One year ago, OakNorth – the UK neobank for entrepreneurs by entrepreneurs, acquired a 50% stake in ASK Partners (“ASK”), a specialist lender which has now enabled over £1.4BN of lending through its fintech platform where institutional partners, family offices, and high net worth individuals provide funding. The transaction formed a corporate […]
Small but mighty: Scale-up firms make up just 1% of SMEs, but contribute £500b to the UK economy
Wednesday 8th November 2023, London, UK: OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. Small but mighty The new report, titled ‘The Scale of the Opportunity’, follows the recent publication of ‘Full […]
OakNorth further increases its support for entrepreneurs with business banking offering
The neobank’s new offering provides insight-driven solutions to help entrepreneurs efficiently run and scale their businesses at pace Tuesday 7 November, 2023, London, UK: OakNorth, the neobank for entrepreneurs, by entrepreneurs, today announces the launch of its business banking offering, aimed at helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s […]
OakNorth and Founders4Schools launch new partnership to support 100,000 students with maths education, mentorship, and career opportunities
30th October 2023, London, UK: OakNorth, the neobank for entrepreneurs, by entrepreneurs, and Founders4Schools, the award-winning ed-tech charity for teachers, today announce a new partnership to support 100,000 secondary school students (11-16 year-olds) – including 40,000 from disadvantaged socioeconomic backgrounds – over the next three years. The programme will provide secondary school students with mentorship and […]
